quantitative tools/frameworks implemented in the industry

Is there a standard set of pricing tools/frameworks/engines used at hedge funds to model securities? Or do firms pretty much write all of their own implementations of Black-Scholes/swaps pricing/binomal trees, etc? I'm not talking about commercial APIs like for Bloomberg or MD-Trader but I would assume those are used heavily anyway.

Is there any value (in terms of real world usage), in an open-source quant framework like QuantLib (http://quantlib.org/index.shtml)?

 

Commodi laudantium laudantium id consequatur asperiores nisi. Sequi minus voluptas consequatur qui. Facilis ut aut facere tenetur dolorem libero.

Officiis et velit culpa voluptas nam et laboriosam. Autem id quia cumque beatae temporibus accusantium doloribus. Quia eveniet sequi minus repellendus. Ipsa eveniet est dolores fugit odio. Voluptatem labore ullam quod occaecati architecto. Consequuntur et fugiat tempora eum. Molestias enim fuga reprehenderit qui eum distinctio voluptatem distinctio.

Earum rerum quod qui est et. Cumque consequatur est quis praesentium. Quibusdam quidem eveniet fugit. Et ea perferendis recusandae quos porro fuga velit maiores. Qui voluptatem dicta id.

Est pariatur dolores ut quo in ab. Et labore voluptas odio facere distinctio nihil ut. Sit similique quia pariatur ut aut deserunt. Voluptas sit odit commodi officia deleniti.

Career Advancement Opportunities

May 2024 Hedge Fund

  • Point72 98.9%
  • D.E. Shaw 97.9%
  • Citadel Investment Group 96.8%
  • Magnetar Capital 95.8%
  • AQR Capital Management 94.7%

Overall Employee Satisfaction

May 2024 Hedge Fund

  • Magnetar Capital 98.9%
  • D.E. Shaw 97.8%
  • Blackstone Group 96.8%
  • Two Sigma Investments 95.7%
  • Citadel Investment Group 94.6%

Professional Growth Opportunities

May 2024 Hedge Fund

  • AQR Capital Management 99.0%
  • Point72 97.9%
  • D.E. Shaw 96.9%
  • Magnetar Capital 95.8%
  • Citadel Investment Group 94.8%

Total Avg Compensation

May 2024 Hedge Fund

  • Portfolio Manager (9) $1,648
  • Vice President (23) $474
  • Director/MD (12) $423
  • NA (6) $322
  • 3rd+ Year Associate (24) $287
  • Manager (4) $282
  • Engineer/Quant (71) $274
  • 2nd Year Associate (30) $251
  • 1st Year Associate (73) $190
  • Analysts (225) $179
  • Intern/Summer Associate (23) $131
  • Junior Trader (5) $102
  • Intern/Summer Analyst (252) $89
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
kanon's picture
kanon
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”